Karl Lagerfeld gave SpongeBob SquarePants a makeover for a charity auction, resulting in this little charmer, which sold for €1,000. [WWD]

Zac Posen, who two weeks ago announced a lower-priced line, Z Spoke, will do a line for Target in the U.S. (He already designed a capsule collection for Target's Australian outpost in 2008.) Zac Posen for Target Go International will hit stores on April 25 of next year. Rodarte for Target goes on sale this December, at last. [WWD]

Even though it's late November in sunny London, Kate Moss is allegedly planning an outdoor dinner party. Her nefarious plan? The supermodel, whose recent choice, in an interview, of a notorious eating disorder sufferers' slogan as her motto we highlighted, wants to be photographed eating food. [Mirror]

Both potential buyers of the bankrupt house of Christian Lacroix failed to meet a new, extended deadline to provide the bankruptcy court with guarantees of their capital. If the company is not sold, the current owners, the Falic Group, will likely go forward with their preferred scenario, in which only 11 key staff are retained, and the brand is either auctioned off to cover debts, or turned into a licensing machine for scarves and perfumes. [AFP]

Patrick Dempsey stars with his wife, Jillian, in his new Avon perfume ad. Because this scent is "about two people and the power of the relationship." [People]

Sonia Rykiel's H&M lingerie line will be launched this December with a fashion show at the Grand Palais. The models will walk on moving floats that travel around a fantasy Parisian streetscape, dominated by a 30 meter Eiffel Tower made from 25 km of wire and fairy lights. Trees will have balloon canopies, and the Café de Flore will be mocked up as the Café Flirt. Also, imagine 6 meter poodles and 2.5 meter bunnies. Best part? It'll be streamed live on the mighty Internet. [SB]

The pink-and-black '50s-themed collection goes on sale this Saturday in more than 1,500 H&M boutiques worldwide, as well as Rykiel's own stores. Prices range from €7.95 - €19.95 for underwear, and €79.95 for sleepwear. [WWD]

Morrissey is collaborating with Stella McCartney on a line of vegan footwear. McCartney says the shoes could be in stores next year. [Daily Mail, 2nd item]

Helena Christensen, on the term of art 'supermodel': it's "silly and cartoonish, but to be a part of that whole group of girls — at the end of the day, I was there. I did it. I am a million experiences richer." [Telegraph]

It's a comeback for Aussie model Catherine McNeil. McNeil will be on the cover of next month's Australian Vogue, a casting move that her booker says gives any model "credibility" — oddly implying that McNeil needs some. The 20-year-old has been on an extended break from international modeling, but is expected to rejoin the moil next show season, in January. [News.com.au]

Mulberry creative director Emma Hill, who previously designed accessories for Marc Jacobs and the Gap, on the heyday of 'it' bags: "I was partly responsible, at Marc Jacobs, for the It bag thing. I realized that we'd made it when I saw knock-offs on the street corner. But a trend like that squashes people's individuality. If you're all trying to get the same thing, it's not very special. There are possibly more things to worry about in life than waiting two years for a handbag. I think those years are over." [ToL]

Jenny Sanford applied to trademark her own name in early July, shortly after the June revelation that her husband, South Carolina governor Mark Sanford, was hiking the Appalachian trail enjoying two magnificent parts of another woman. Jenny Sanford applied for the trademark intending to use it to market a line of clothing, mugs, and other household items, to be sold through her website. The trademark application has not yet been approved. [State]

Christian Audigier is opening an Ed Hardy store in London this week, the U.K.'s first. [Guardian]

Victoria's Secret is a popular target for professional shoplifters. Four women pepper-sprayed a sales associate in Tennessee this month in order to boost 30 pairs of underwear. [UPI]

Due to Dubai's debt crisis, the American investors who recently and separately bought significant chunks of Barneys New York's debt, Ron Burkle and Richard Perry, might end up controlling the Dubai-owned company. If they do, they should probably convince someone there to hire a C.E.O. All the best companies have one. [Dealbook]

Pierre Cardin, 87, was briefly hospitalized in Paris for exhibiting falling blood pressure and a slow pulse. Cardin was en route to Greece, where he was holding a fashion show. As if this were 1963, or something. [AFP]

French eBay users are banned from selling or buying certain branded perfumes, like Christian Dior and Kenzo. A court in Paris has fined the auction site 1.7 million Euros for not enforcing the law effectively enough. [BBC]

The market in exotic skins, like alligator, has been among the worst affected by the recession. (It's not hard to imagine why, given a pair of alligator Manolos can easily run $4,000.) The farmers who raise the gators in Louisiana, Florida, and Georgia are paid for their troubles by tanneries, who then sell the processed hides to fashion companies. But while farmers complain that prices offered by tanneries have fallen below the cost of even raising the animals, fashion companies say the reduction in the cost of finished skins has been minimal. Which major fashion brand significantly expanded into alligator tanneries during the boom years? Hermès. The other thing you should know about this article is that a man named Tommy Fletcher, whose work involves going into bayous to fight mother alligators with a pole and frequent bites when handling the live young, says that running an alligator farm is "like being married to Miss America. You get all the benefits of the hugs and kisses, but she's mighty high-maintenance." [NYTimes]